Insider Selling: Unity Software Inc. (NYSE:U) Director Sells 50,000 Shares of Stock

Unity Software Inc. (NYSE:U - Get Free Report) Director Shlomo Dovrat sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $30.01, for a total transaction of $1,500,500.00. Following the completion of the transaction, the director owned 189,089 shares of the company's stock, valued at $5,674,560.89. This trade represents a 20.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Unity Software Price Performance

Shares of U stock traded down $0.21 on Friday, hitting $28.95. 8,942,973 shares of the company's stock were exchanged, compared to its average volume of 11,770,642. The company has a 50 day moving average of $23.79 and a 200 day moving average of $22.50. The stock has a market cap of $12.03 billion, a P/E ratio of -25.85 and a beta of 2.29. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.74 and a quick ratio of 2.74. Unity Software Inc. has a 12 month low of $13.90 and a 12 month high of $30.88.

Unity Software (NYSE:U - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.38) by $0.19. Unity Software had a negative net margin of 25.21% and a negative return on equity of 14.12%. The firm had revenue of $435.00 million for the quarter, compared to analysts' expectations of $415.77 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company's revenue was down 5.5% on a year-over-year basis. On average, equities research analysts predict that Unity Software Inc. will post -1.25 EPS for the current year.

Institutional Investors Weigh In On Unity Software

Several hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC lifted its position in shares of Unity Software by 4.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 10,766 shares of the company's stock worth $261,000 after purchasing an additional 454 shares during the period. Amalgamated Bank boosted its stake in Unity Software by 3.0% during the first quarter. Amalgamated Bank now owns 18,132 shares of the company's stock worth $355,000 after acquiring an additional 525 shares in the last quarter. Bouvel Investment Partners LLC increased its position in Unity Software by 1.7% in the 1st quarter. Bouvel Investment Partners LLC now owns 35,595 shares of the company's stock valued at $697,000 after buying an additional 580 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Unity Software by 26.3% during the first quarter. Signaturefd LLC now owns 3,658 shares of the company's stock valued at $72,000 after acquiring an additional 762 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in Unity Software by 0.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 141,632 shares of the company's stock valued at $3,182,000 after purchasing an additional 973 shares in the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on U shares. Bank of America began coverage on Unity Software in a research report on Thursday, June 26th. They issued an "underperform" rating and a $15.00 target price on the stock. Needham & Company LLC decreased their price objective on shares of Unity Software from $33.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered Unity Software from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Jefferies Financial Group upgraded shares of Unity Software from a "hold" rating to a "buy" rating and raised their price objective for the stock from $22.00 to $29.00 in a research report on Friday, May 30th. Finally, Wedbush raised shares of Unity Software to a "strong-buy" rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Unity Software presently has a consensus rating of "Moderate Buy" and an average target price of $24.80.

Unity Software Company Profile

Unity Software Inc operates a real-time 3D development platform. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company offers its solutions directly through its online store and field sales operations in North America, Denmark, Finland, the United Kingdom, Germany, Japan, China, Singapore, and South Korea, as well as indirectly through independent distributors and resellers worldwide.

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